Charts, maps and infographics

Focus

World GDP

IN THE second quarter of the year the global economy grew at its slowest rate since the end of 2009, according to The Economist's measurement, which is based on an assessment of 52 countries. This is mostly due to slower growth in America and China, and to the accelerating shrinkage of the euro-zone economy. In 1990 the US accounted for a quarter of the world’s GDP and China just 4%. Today America’s share is less than one-fifth, while China’s has expanded to 15%. Yet in the latest quarter America made its biggest contribution to world GDP growth since 2005 (excluding periods of global recession). Such changes in economic heft are reflected in the weights used to calculate global growth.

Apparently it is a moving finish line...And it is coming closer.
Each successive estimate, moves the date up sooner and sooner.
Data gets more refined and the picture less nebulous.
And this past 2008 Recession had frozen growth in America which was wholly unanticipated. But trends are strong.
The closer we get to future, the more the future converges to us.
And the future is now within arms length.
9 years ago the event was nearly 40 years away.
...Last year it is 5 years away.
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My best guess is 2016.
--within the span of the next American Presidential Term.
If he is Republican he may have a cataleptic fit.
Ignoring facts do not make them go away.

Chances are 99.9% of us will be alive to witness it.
And some will be eating their hat for dinner.
I would advise 'bears' to start wearing a leather hat made from beef jerky.
...It is more palatable than polyester.
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We live in interesting times.
You go to bed in Washington and wake up in Beijing.
These are historic times that your grandchildren will ask you about.

Now you know the future....what do you propose to do about it?
I would argue for even more Sino-American economic integration.
Shut Up and pass the Sweet and Sour Shrimp.

What is noticeable in the graph is that among countries with highest GDP, about half of them are from Asia.
Asia has been on a safe side during the economic slow downs. It is becoming more and more attractive for Investments.